Seeker Climbs 36% As Open Interest Hits $21M, Shorts Bet Against Rally

Seeker (SKR) surged nearly 36% in 24 hours as trading volume exploded over 810%, with short positioning hinting at a possible squeeze.

SKR Breakout Details

The Solana Mobile token rallied to roughly $0.0204 on Friday. Data compiled by Blockchain Magazine and CoinGlass showed 24-hour volume near $76.8M, equal to roughly 60% of the token's market cap.

Price rebounded from the $0.015 demand zone and cleared the descending channel that had framed its recent downtrend.

The MACD line crossed above its signal after weeks of bearish readings, while the histogram flipped positive. Open Interest jumped 167.45% to $21.65M, indicating heavy leveraged participation alongside spot buying.

Short Squeeze Setup

The OI-Weighted Funding Rate sank to -0.7292%, showing traders doubled down on shorts even as spot buyers pushed price higher. That divergence often precedes forced covering if support holds.

Analysts flagged $0.025 as the next resistance, with $0.020 as the level bulls must defend. A break below $0.020 risks unwinding the expanded leverage quickly.

SKR launched on Jan. 21, 2026, via a Solana Mobile airdrop to Seeker phone owners, briefly touching $0.049 before slumping to near $0.018 in April ahead of this week's rebound.

Steven Zeiler is Chief Evangelist at Yellow, working with builders to create real-time, non-custodial trading infrastructure using the Yellow SDK. A programmer, technologist, and entrepreneur, he previously worked for Ripple, where he helped architect peer-to-peer interbank payment prototypes and contributed to decentralizing the XRP Ledger through consensus tracking software.